trade imbalances that have happened during the last several decades. most of those popup states, iowa has two, michigan, illinois, ohio also have seats up for grabs. in all, nine republicans seat, two open for the democrats. that e summer recess officially starts tomorrow. what s the big worry going home for the republicans? the big worry is like that farmer in iowa that the president does not get any significant deal and the situation spirals out of control without a solution. i can tell you with certainty that at the too much of the party without a doubt, that these tariffs are going to undo what republicans see as the benefits of the republican tax bill that passed earlier this year. listen, republicans have basically thrown all their chips
these trade imbalances, he is a negotiator, a real estate developer by training and he is tough on them but people are taking that as a wrong sign he is trying to break up the alliance. he is trying to strengthen the alliance. sometimes when you grow up in new york you re tough on the people you love and you re tough on the people you know you re the closest to and i think that s also being misinterpreted by the media. i think we have to explain that. bill: he doesn t believe the people who gave him intelligence. he doesn t believe what they did. he said it in the cbs interview. sound bite. number three. jeff last night on cbs. president trump: certainly in the past it has been terrible. you look at brennan, you look at clapper, you look at hayden, you look at comey certainly. i can t have any confidence in the past, but i can have a lot of confidence in the present and the future. bill: that last part is critical for him going forward to express that message. you know there wa
they are depending on the united states. it s that straightforward. and germany is the among the worst offenders among them and is the most egregious in its trade imbalances. it has run trade surpluses, get ready for this one, 467 years. good lord. brian: so a couple things. number one the president is ticked off at germany in particular because they put the hubbub of this gas line right through germany and pass european nations that burned a threat from russia and they didn t seem to care. what are the explanations by the germany current secretary laws, listening. in 2002, russia was different then. they become somewhat belligerent so they are stuck with this dea deal. can you put the ratchets down and unscrew the pipeline and maybe change the tactics? and we have this thing called oil and gas, too, don t we lou? wouldn t it be reliable by us?
have dealt with. he sees nato as a transactional situation. we pay in a certain amount, that is the united states pays a certain amount for defense, what is the united states getting out of it especially as trade imbalances stack up with germany and others, so it s a different approach to nato, it has nato even concerned a little bit that it might to work to destabilize the very important strategic alliance but in the final communique that we saw, heather, coming out of this meeting, yes, there was cause for more spending but also there were calls to be aggressive, strong defense against russia and call for unity as well, so i think some of the cracks that might have appeared with some of the strong language coming from president trump might have been tapered over in the final messages coming out of this meeting and while there were tough talks and aggressive language, it went, i think some
as the issue. first of all he has characterized this interesting. idea germany buys gas from russia means they re captive to russia. an interesting point to make. we buy a lot of ours from canada. but i get his point. what s the big deal about this pipeline? 40% of their 40% of their natural gas from the east. this would increase. 35% of their oil imports, raw oil from russia. but when you look at the overall trade portfolio between the two countries, russia needs germany much more than germany needs russia. the trade imbalances excuse me in russia s favor about 31 billion. mostly in energy going towards germany. germany sells audis, porsches, when sanctions were put in against russia, it hit export companies, but anything in the other direction would hurt russia more.